Tag: Economy
MSM Doom and Gloom
Doom and gloom fails to materialize once again after the facts overwhelm the narrative popularized by the MSM. Earnings didn’t go bust, foreign investment remains robust and the hard factual economic data continues to perform reasonably well.
The Sky Didn’t Fall
Despite the MSM doom and gloomers. The sky didn’t fall, and once again the mainstream media narrative proved to be just more misinformation. The major averages completed another solid week. The S&P 500 advanced 5.27%, the NASDAQ jumped 7.15% while the DOW gained 3.41%.
A Positive Return
The major averages finished the week down fractionally. While the major averages remain in the red YTD. They have recovered all of their post Liberation Day losses. The question remains can the markets recover their YTD losses and generate a positive return this year? It usually boils down to earnings.
Another Huge Week
Another huge week for the major averages as the soft data continues to scream recession. While the hard or factual data and the incoming earnings data has another huge week. Since Monday the S&P 500 gained 162 points, the NASDAQ is up 595 points while the DOW jumped 1,204 points.
Tariff Tantrum Fades From Memory
The major averages put the tariff tantrum to rest. With 4 consecutive gains this week. As the major averages closed with impressive gains. Since Monday the S&P 500 increased 242 points or 4.58%, the NASDAQ jumped 1,097 points or 6.74% while the DOW gained 971 points or 2.48%.
Extreme Markets
Extreme markets produce extreme data points. As the total spread between highest and lowest forecast for the S&P, shown in the chart below shows. Since Bloomberg started collecting the data in 2000, the gap has never been so extreme this late in the year.
Liberation Day
The Capital Markets drifted into Friday, posting large declines. Finishing the week in the red. Before Liberation Day. Erasing much of post correction gains. Since Monday the S&P 500 is down 87 points or 1.54%, the NASDAQ lost 461 points or 2.59% while the DOW slipped 401 points or .96%.
Tariff Tantrum Over?
A 4-week tariff tantrum that sent the major averages into correction territory. The markets oversold conditions led them into the close with small gains. Since Monday the S&P 500 is up 29 points or .52%, The NASDAQ added 30 points or .17% while the DOW gained 497 points or 1.2%.
Correction Territory
Another brutal week for stocks, Sent the major averages into official correction territory with declines exceeding 10% on Thursday. Bloomberg noted that this was the 7th fastest trip for the markets into correction territory. Taking just 16 market sessions to exceed 10% losses.
Chaos and Uncertainty
The markets don’t like it. With chaos and uncertainty triggering meaningful losses on Wall Street for a second consecutive week. That saw the S&P 500 lose 59 points or .98%, the NASDAQ plunged 677 points or 3.47%, while the DOW gained 413 points or .95%.